What drives a crypto price up

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Buy bitcoin with credit card online	Their prices glimmer green but lack luster. Sign up. International regulation. PayPal has nearly million users who will now have the ability to easily buy, store, and use Bitcoin. Systemic overleveraging exaggerates these shocks and contributes to volatility. Finally, weekends � believe it or not � can also have a significant impact on bitcoin price volatility. Similarly, if an asset's supply is highly-inflated and isn't in demand on the market, it probably won't rise in value.
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This is similar to a reduction in corn supply if harvests were to be reduced every four years until no more was harvested, and it was publicly advertised that it would happen�corn prices would skyrocket. For example, Ether has emerged as a formidable competitor to bitcoin because of a boom in decentralized finance DeFi. There is no guarantee that any forecasts or predictions made will come to pass. However, this disintermediation also removes the theoretical stability provided to a currency by a governmental authority and the backing of that currency by the actual economy of a nation state.